Liabilty In Agency Relationships

You run a successful paper mill and withdraw out your three best personnel to secure bracing wood pulp sources using due diligence and skill. Applying the control principles outlined in this chapter, answer the following questions. witch, does non give-up the signature with wood pulp, solely brings back three flinchs. Acting within the scope of her authority, she melt offed with Evon, who knew your identity at the time; Felipe, who knew that witch was acting on behalf of someone exclusively not whom; and Giorgio, who did not know that siren was acting on anyones behalf. For which contracts, if any, ar you liable? For which contracts, if any, is Delilah liable? Explain. For which contracts, if any, are you liable? In this scenario, Delilah and I have an way relationship. In an power relationship between two parties, one of the parties, called the agent, agrees to represent or act for the other, called the hint (Miller, Hallowell, 2011). In this case, I am the primary(prenominal) and Delilah is my agent. Meaning, we both agree that she will act on behalf and quite of me in negotiating and transacting business with third basely parties. An agent is also authorize to perform legal acts that are binding on the deal and can bind a lead story in a contract with a third person.

Determining the obligation for these contracts make by the agent is based on whether or not the identity of the point was known to the third political fellowship at the time the contract was made. A disclosed principal is a principal whose identity is known by the third party at th e time the contract is made by the agent. ! A partially disclosed principal is a principal whose identity is not known by the third party, but the third party knows that the agent is or may be acting for a principal at the time the contract is made. An undisclosed principal is a principal whose identity is whole unknown by the third party, and the third party has no knowledge that the agent is acting in an agency make at the time the contract...If you want to get a skillful essay, order it on our website: BestEssayCheap.com

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